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SPONSOR: |
Silva |
DATE TYPED: |
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HB |
778 |
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SHORT TITLE: |
Nonresident Motor Vehicle Registration |
SB |
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ANALYST: |
Hayes |
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APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
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FY03 |
FY04 |
FY03 |
FY04 |
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NFI |
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(Parenthesis
( ) Indicate Expenditure Decreases)
Responses
Received From
Taxation
and Revenue Department (TRD)
SUMMARY
Synopsis
of Bill
House Bill 778 amends
Section 66-3-301 NMSA 1978 so that a nonresident vehicle owner subject to motor
vehicle registration may use or permit the use of his/her vehicle in New Mexico
for sixty (60) days without registering the vehicle with the State of New
Mexico Motor Vehicle Division.
Currently, the statute allows a nonresident 180 days before requiring registration
of the vehicle in the State of
Significant
Issues
FISCAL IMPLICATIONS
There is no direct
fiscal impact as a result of this legislation other than a potential ‘shift’ in
the time period for receiving revenue from motorists registering their vehicles
in
CMH/njw